My May 2016 Monthly Income Report

May’s Overview

This is the first of 4 reports that I’ve had to write months later. It’s September 12th 2016 over 3 months since this report was due- damn! Many of you have emailed me concerned as to why I haven’t been putting reports out. It really bothered me that I wasn’t able to publish any reports and disappointed with myself at how helpless I had become.

Long story short, I haven’t really been able to work since mid April until recently (late last month- August) due to some personal setbacks I had to deal with. Nevertheless, I appreciate your patience and sorry for the long wait!

In total, I generated $10,376.36which was equivalent to a -40.67% decline from April’s revenue which resulted in crazy -69.10% decrease in net income.

As you’ll see below, I completely neglected everything else except for Amazon and the ever steady rental income!

Anyway, here’s how May really went down…

Income Breakdown

Digital Services

$0.00 (-100.00%)

AdSense Revenue from Niche Sites

$0.00 (-100.00%)

Dating Website Membership Fees

$0.00 (-100.00%)

Room Rental Income

$1,039.47 (-0.94%)

Amazon

$9,336.89 (-38.50%)

$5K Amazon Business System

$0.00 (0.00%)

Alex & Pike

$0.00 (0.00%)

eBay

$0.00 (-100.00%)

Craigslist

$0.00 (-100.00%)

Hot Chocolate Donations

$0.00 (0.00%)

May’s Gross Income

$10,376.36(-40.67%)

Estimated Expenses

Cost of Goods Sold

$4751.50

Web Hosting

$62.00

Landing Page + Analytics

$18.00

Email Services

$37.00

Fees

$3,109.79

Amazon SEO

$50.00

Shopify Store Subscription

$0.00

Shipping & Handling + Shipping Supplies

$0.00

Advertising

$0.00

Outsourcing

$0.00

May’s Estimated Expenses

$8,028.29 (-18.83%)

Net Income (estimated): $2,348.07 (-69.10%)

Lesson Learned

“A luta continua, vitória é certa”.

Meaning, “The struggle continues, victory is certain”. It’s so easy to give up in the face of uncertainty but I keep reminding myself that this is a commitment and you simply don’t back down from a commitment- you keep fighting on all fronts!

I realize the above quote is from April’s report but it still applies now more than ever. It was almost like a premonition especially looking back to the events that followed months to come.

About Post Author

I'm running one big experiment of creating 30 streams of passive income in my 30s. I promise to share what works and what doesn't as well as reporting my monthly income so you can see how good (or bad) I’m doing & hopefully learn from my mistakes. If you are interested in creating multiple passive income streams, then this blog is for you.